State of the market: the market is restrained
At the opening of Friday trading, the main currency pairs remain restrained, limiting themselves to narrow lateral movements. Stock indices in the Asia-Pacific region, with the exception of the Chinese are trading in positive territory. The reason for the weakening of Chinese stock indices was mixed data on producer prices in China. Given the general dynamics of stock indices, optimism will continue. Amid positive sentiment, commodity currencies received a restrained support.
From the start of the day, the US dollar index has been trading extremely restrained, reducing volatility and actually remaining in the flat from 97.80-70 to 97.40-30.
Read also: “Doji candlesticks in the FOREX Market”
Hanzenko Anton
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